Karnataka Bank has donated a sum of Rs 50.00 lakhs to 'Karnataka State Disaster Management Authority' as part of its Corporate Social Responsibility (CSR) towards the rehabilitation of victims and reconstruction of affected areas in the recent floods in Karnataka State. Shri Mahabaleshwara M.S, MD & CEO of the Bank handed over the demand draft to Shri B.S. Yediyurappa, Honourable Chief Minister of Karnataka State at 'Vidhana Soudha', Bengaluru today. Handing over the demand draft Shri Mahabaleshwara M S said "Karnataka Bank came into existence as a socio-economic movement. The Bank continues to hold that legacy intact as it completes more than 9 decades of purposeful existence staying committed to the social development of the society and this contribution is also in line with the tradition of the Bank. Karnataka State had not been subjected to floods of this magnitude for over a century. Though the loss of human lives cannot be compensated, we hope our small contribution in this direction will help in the efforts of the State under the able leadership of Shri B S Yediyurappa towards rebuilding the lives of those affected and in the reconstruction of the public infrastructure and lifting the spirits of the people."
Accepting the demand draft Shri B S Yediyurappa, Chief Minister, thanked Shri Mahabaleshwara M.S. for the kind gesture and wished the Bank all the best in its endeavours. Shri Kota Srinivas Poojary, Minister of Fisheries, Ports and Inland Transport of Karnataka and in-charge minister of Dakshina Kannada District and Shri B S Raja, Deputy General Manager, Bengaluru - Region, were also present on the occasion.
Shares of KARNATAKA BANK LTD. was last trading in BSE at Rs.72.4 as compared to the previous close of Rs. 73.7. The total number of shares traded during the day was 61734 in over 493 trades.
The stock hit an intraday high of Rs. 82.65 and intraday low of 71.8. The net turnover during the day was Rs. 4491114.